EarningsQ2 2027 Earnings Report
CH:3BX Q2 2027 EPS Results
Actual EPSCHF0.32
Consensus EPSCHF0.32
Beat/MissBeat by +<CHF0.01
One Year Ago EPSCHF0.27
CH:3BX Q2 2027 Revenue Results
Actual RevenueCHF259.60M
Expected RevenueCHF258.13M
Beat/MissBeat by +CHF1.47M
YoY Revenue Growth+9.23%
Earnings Announcement Details
QuarterQ2 2027
Date08/25/2026
TimeAfter Close
Conference CallTuesday, August 25, 2026
CH:3BX Upcoming Earnings
Box's next earnings date is estimated for December 8, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
CH:3BX Q2 2027 Earnings Call
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Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: Box reported revenue, billings, RPO and net retention improvements, beat guidance on top- and bottom-line results, raised full-year revenue guidance, generated strong cash flow, and highlighted accelerating Enterprise Advanced and AI adoption with meaningful product and partnership momentum. Headwinds include FX impacts, cloud capacity-driven margin pressure, early-stage AI consumption monetization, and quarter-to-quarter billings lumpiness, but management outlined clear product, go-to-market and governance investments to address these risks.Company Guidance
Revenue Growth Above Guidance
Q2 revenue of $321M, up 9% year-over-year (11% in constant currency), exceeded guidance and marked the fifth consecutive quarter of accelerating revenue growth in constant currency.
Strong Bookings, RPO and Billings Momentum
Q2 billings were $310M, up 17% year-over-year (16% in constant currency). Remaining performance obligations (RPO) ended at $1.7B, up 15% year-over-year (17% in constant currency); short-term RPO grew 11% year-over-year (14% CC). Management expects ~55% of RPO to be recognized in the next 12 months.
Improving Customer Metrics and Mix
Net retention rate improved to 106% (above guidance of 105% and up from 103% a year ago). Customers paying at least $100K annually grew 10% year-over-year. Suites customers represent 69% of revenue, up from 63% a year ago, indicating increased enterprise adoption and account expansion.
Profitability and Margins
Q2 non-GAAP operating income was $95M with an operating margin of 29.4% (90bps expansion year-over-year despite FX headwinds). Q2 gross margin was 81.2%, and Q2 EPS was $0.40, above guidance of $0.39.
Cash Generation and Capital Return
Q2 free cash flow of $60M (up 67% year-over-year) and operating cash flow of $71M (up 54% year-over-year). Ended Q2 with $446M in cash and equivalents. Repurchased 2.6M shares for ~$66M; ~$378M remaining buyback capacity.
Raised Full-Year Revenue Guidance
Full FY2027 revenue guidance raised by $10M to ~$1.29B, representing ~10% year-over-year growth (11% in constant currency); FY gross margin expected ~80.5% and FY operating margin ~28%.
Product & Partnership Momentum (AI, Security, Integrations)
Notable enterprise wins for Enterprise Advanced, expanded AI unit adoption, and multiple integrations/partnerships (Anthropic/Claude, Databricks, Salesforce, NVIDIA mention). New security and agent governance features introduced (agent guardrails, prompt injection detection, agent oversight) and MCP integrations to support headless/agentic use cases.
Strategic GTM Investments and Execution
Expanded Forward Deployed Engineering (FDE) and system integrator partnerships to accelerate complex agentic workflow deployments and legacy migrations; management highlighted multiple wall-to-wall migrations and platform modernization deals in regulated/government verticals.
CH:3BX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed